National Bank of Ky. v. Ky. River Coal Corp.

Opinion of the Court by

Commissioner Hobson—

Affirming.

On January 3, 1918, the Kentucky River Coal Corporation executed to W. H. "West a coal lease on about 1,000 acres of land in Letcher county. West transferred his riglns to the Amburgy Coal Company, which assumed all the liabilities imposed on West by the lease and undertook to operate the property. Later it changed its name to the Letcher Coal Company. It made extensive additions to the property and became insolvent. On October 2, 1925, it conveyed the property with all its rights under the lease to the Harlan Coal Company. The Harlan Coal…